A Puerto Rico Mineral Deed with Granter Reserving Executive Rights in the Interest Conveyed — Transfer is a legal document that transfers mineral rights ownership from the granter (current owner) to the grantee (new owner) while reserving executive rights for the granter. This type of deed is commonly used in Puerto Rico to facilitate the transfer of mineral rights while allowing the granter to retain control over the decision-making processes related to the minerals. Key Features: — Puerto Rico: This type of mineral deed is specific to Puerto Rico, ensuring its compliance with the legal framework and regulations of the region. — Mineral Rights Transfer: The deed transfers ownership of mineral rights from the granter to the grantee, granting them the legal rights and benefits associated with the minerals located on the designated property. Granteror Reserving Executive Rights: In this type of deed, the granter reserves the executive rights, meaning they retain control over the management, development, and exploration decisions related to the minerals conveyed. The granter can oversee and make determinations regarding the extraction, lease, or sale of the conveyed mineral rights in accordance with their reserved executive rights. — InteresConveyye— - Transfer: This phrase signifies that the deed specifically conveys the interest in mineral rights rather than any other type of property or asset. Types of Puerto Rico Mineral Deed with Granter Reserving Executive Rights in the Interest Conveyed — Transfer: 1. Single Parcel Deed: This type of deed is used when a specific parcel of land is involved in the transfer. It provides a detailed description of the land boundaries and specific mineral rights being conveyed. 2. Multi-Parcel Deed: When multiple parcels of land are involved in the transfer, this type of deed allows for a consolidated conveyance of mineral rights. Each parcel is described with its respective mineral rights. 3. Partial Interest Deed: In some cases, a mineral owner may choose to convey only a partial interest in their mineral rights while reserving the remaining interest. This type of deed specifies the exact percentage or fraction of mineral rights being conveyed. Note: It is essential to consult with legal professionals or experts familiar with Puerto Rico's laws and regulations to ensure compliance and accuracy when drafting or interpreting a Puerto Rico Mineral Deed with Granter Reserving Executive Rights in the Interest Conveyed — Transfer.
Puerto Rico Mineral Deed with Grantor Reserving Executive Rights in the Interest Conveyed - Transfer
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